Towerpoint Wealth LLC Makes New Investment in iShares Core S&P 500 ETF $IVV

Towerpoint Wealth LLC acquired a new position in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 328 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of iShares Core S&P 500 ETF by 6.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 35,694,204 shares of the company’s stock valued at $20,056,573,000 after purchasing an additional 2,160,133 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Core S&P 500 ETF by 2.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 31,297,509 shares of the company’s stock valued at $17,586,070,000 after purchasing an additional 768,618 shares during the last quarter. New Vernon Capital Holdings II LLC increased its stake in shares of iShares Core S&P 500 ETF by 53,779.2% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 24,775,295 shares of the company’s stock valued at $13,921,238,000 after purchasing an additional 24,729,312 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares Core S&P 500 ETF by 31.4% in the 1st quarter. JPMorgan Chase & Co. now owns 23,892,610 shares of the company’s stock valued at $13,425,259,000 after purchasing an additional 5,708,115 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of iShares Core S&P 500 ETF by 1.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,270,271 shares of the company’s stock valued at $8,580,365,000 after purchasing an additional 146,638 shares during the last quarter. Institutional investors own 70.12% of the company’s stock.

iShares Core S&P 500 ETF Stock Performance

Shares of IVV opened at $660.57 on Thursday. iShares Core S&P 500 ETF has a 52-week low of $484.00 and a 52-week high of $664.38. The business’s fifty day moving average is $642.54 and its 200-day moving average is $598.71. The firm has a market cap of $665.39 billion, a price-to-earnings ratio of 25.10 and a beta of 1.00.

iShares Core S&P 500 ETF Profile

iShares Core S&P 500 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Standard & Poor’s 500 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market.